The British trading group Frasers Group PLC presented its results for the 2024/25 financial year, which was completed on April 27, on Wednesday. The parent company of concepts such as Sports Direct, Frasers and Flannels therefore had to accept losses in sales and profits, but emphasized progress in implementing their reform concept “Elevation Strategy”.
The group reported a profit for special effects before taxes of £ 560.2 million (683.7 million euros). This corresponds to an increase of 2.8 percent compared to the previous year. However, the expelled profit before tax shrank by 24.3 percent to £ 379.4 million. The net profit, which was due to the shareholders, dropped from 380.8 to £ 292.1 million.
Despite a decline in group sales by 7.4 percent to £ 4.9 billion (5.98 billion euros), the group was able to increase its operational profitability. According to the company, the decline in sales was mainly due to planned restrictions in margin -weaker business areas such as Game UK and Studio Retail as well as the latest challenges in the luxury market. The gross margin in the retail segment rose by 1.7 percentage points to 45.6 percent, at Group level it grew by 1.5 percentage points to 46.8 percent, which was due to an improved product and division mix.
CEO Michael Murray was satisfied with the results overall and emphasized that the group would stick to its reform strategy. This “opened numerous options for sustainable medium to long-term growth,” he emphasized. Among other things, the aim is to further strengthen the relationship with leading global brands such as Nike, Adidas and Hugo Boss.
For the current financial year 2025/26, the Frasers Group expects an adjusted profit before tax between 550 million and 600 million British pounds. The company expects additional loads of at least 50 million British pounds as a result of the recent budget resolutions of the British government. These additional expenses should be compensated for as far as possible through cost reductions, efficiency improvements through the use of AI and positive synergy effects.
The group also emphasized that it would continue the long -term investments in his “elevation strategy” and international expansion. With a view to the coming months, CEO Murray was confident: “For the 2025/26 financial year, we have so far seen a positive dynamic in the entire group, including strong performance at Sports Direct – and we have great ambitions to put the bar even higher,” he said.
This article was used with digital tools translated.
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